News

The United Nations Sustainable Stock Exchanges Initiative, convened by UNCTAD and its partners, has unveiled a new plan to help bourses grow green finance and thereby contribute to global efforts to reduce carbon emissions.

Reining in greenhouse gas emissions in the transport sector is vital, but the strong focus on passenger traffic should not mask the need to make freight more sustainable, the COP23 international climate summit in Bonn, Germany has heard.

Global demand for maritime shipping picked up last year, but the pace was still below the historical 3 per cent average and continued to lag behind supply, keeping freight rates and earnings low in most segments, a new UNCTAD report says.